Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Caldwell Investment Management Ltd.

Caldwell Investment Management Ltd. raised its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 400.0% during the third quarter, HoldingsChannel reports. The firm owned 46,500 shares of the industrial products company’s stock after purchasing an additional 37,200 shares during the quarter. Tetra Tech makes up about 1.5% of Caldwell Investment Management Ltd.’s investment portfolio, making the stock its 12th largest position. Caldwell Investment Management Ltd.’s holdings in Tetra Tech were worth $2,157,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTEK. Pathstone Holdings LLC increased its stake in Tetra Tech by 371.6% during the 3rd quarter. Pathstone Holdings LLC now owns 112,601 shares of the industrial products company’s stock worth $5,310,000 after buying an additional 88,726 shares in the last quarter. Lindenwold Advisors INC increased its stake in shares of Tetra Tech by 415.7% during the third quarter. Lindenwold Advisors INC now owns 10,985 shares of the industrial products company’s stock worth $518,000 after buying an additional 8,855 shares during the period. First Western Trust Bank raised its position in shares of Tetra Tech by 358.5% during the 3rd quarter. First Western Trust Bank now owns 11,770 shares of the industrial products company’s stock worth $555,000 after acquiring an additional 9,203 shares in the last quarter. Quest Partners LLC grew its holdings in shares of Tetra Tech by 211.9% during the third quarter. Quest Partners LLC now owns 9,379 shares of the industrial products company’s stock worth $442,000 after purchasing an additional 6,372 shares during the last quarter. Finally, Swiss National Bank increased its stake in Tetra Tech by 396.7% in the third quarter. Swiss National Bank now owns 522,500 shares of the industrial products company’s stock valued at $24,641,000 after purchasing an additional 417,300 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Activity at Tetra Tech

In related news, EVP Leslie L. Shoemaker sold 78,420 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the sale, the executive vice president now owns 296,015 shares of the company’s stock, valued at $13,649,251.65. This represents a 20.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the completion of the transaction, the director now directly owns 143,200 shares of the company’s stock, valued at $6,655,936. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,750 shares of company stock valued at $5,633,239. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on TTEK shares. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a research report on Friday. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird boosted their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, KeyCorp dropped their price objective on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Tetra Tech currently has a consensus rating of “Moderate Buy” and an average target price of $49.32.

Tetra Tech Trading Down 0.4 %

Shares of Tetra Tech stock opened at $41.12 on Tuesday. The company has a 50-day simple moving average of $47.60 and a 200 day simple moving average of $44.58. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. Tetra Tech, Inc. has a 12-month low of $30.92 and a 12-month high of $51.20. The stock has a market capitalization of $11.01 billion, a P/E ratio of 33.38 and a beta of 0.94.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a $0.058 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.56%. Tetra Tech’s dividend payout ratio (DPR) is presently 18.67%.

Tetra Tech Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.